F2F Class Notes (Tibo)

people like to judge news or society stuff and you can see what kind of class they are in /their social status
I did a research it is about  those people who are in leadership and some normal staff their opinions are different. I want to know what makes them see things in different perspective

people find evidence to convince themselves they are right. /people tend to have confirmation bias

there are many masters around me and I started to learn from them because they don’t complain about their life.
And I wonder what makes them so different from normal people that is why I started to do some research.
in our generation they prefer to save money because they were poor in their childhood

then now the new generation they don’t have this problem they think they grew up in an abundant society and they don’t have this fear when they have no money.
They don’t know this feeling.

maybe he just takes /uses / invest / risks 10% of his capital to do that.

when you think people are doing stupid things like put the money in investments and you think it is not wise. It is because our bias is different. Maybe he is standing higher than us / he is at a different position so we think it is a risk but for him it isn’t because he knows how it works and has more information. / he is more educated about this field

you can invest in stocks, put your whole money in the stock and your mind  is all about stocks. / you will only think about stocks all day.

I love to observe people who are around me or on the internet. I found people used to live their mundane life, and stuck on a fixed habit pattern. I believe that makes people living in the different classes. It’s not something like apartheid, it happens naturally that we can see in our society. For example, the poor people are always trying to save money and the riches usually don’t save money, and even more, they borrow money for investment. We can see their financial concepts are not the same, these make the results so different.
Actually the deterministic point is not about their behaviors, it’s about the way they think and what in their minds. There is a phycology study said, people will look for the evidence for what they believe. Like a nationalist believes that he/she needs to protect his/her Country, and then he/she will find so many attacks to his/her Country from others. Because he/she already has the hypothesis, it’s written in the blood, so the system is going to operate that way.
In my company, I found managers and normal staffs see things in very different perspectives. Normal staffs usually see things from their own perspective, but managers think about various possibilities and they’re more open-minded. I started to learn how they think and see things, and finally knew my weaknesses afterward. I stuck on some opinions which come from my experiences, and they’re not real. Such as, I believe that people must work hard and they earn money or they get promoted. However, it’s not true. There are some people earn money from stocks, and many rednecks still stay in the same positions for many years even though they work so hard. It makes me wonder what the deterministic points involve between those who stay the same forever or get worse and those who get better lives. Step by step, I finally understand why all high level classes don’t teach people how to do, they only show people a new perspective and attitude. Because what thoughts in your mind will decide what kind of person you are and how long you can go. I start to think consciously, and focus on the deep meaning behind my behaviors.
“Why I feel angry about this? Why can’t I just take this in humorous way?“. Every questions I asked myself helping me to understand my intentions. It also gave myself chances to progress and let go some toxic thoughts. It took me not much long time to get promoted after I started training myself this way.
So this is my observation of the social class, it’s all about the ideas in one’s mind which decides one’s achievement.

I love to observe people who are around me or on the internet. I found people used to live their mundane life, and stick to a fixed behavioral pattern . I believe that makes people live in different classes. It’s not something like apartheid, it happens naturally and we can see/observe it in our society. For example, the poor people are always trying to save money and the rich usually don’t save money, and even more, they borrow money for investment / to invest. We can see their financial concepts are not the same, these make the results so different.

Actually the deterministic point is not their behaviors, it’s about the way they think and what is on their minds. There is a phycology study which said, people will look for the evidence for what they believe in / confirmation bias. Like a nationalist believes that he/she needs to protect his/her Country, and then he/she will find so many attacks/threats to his/her Country from others. Because he/she already has the hypothesis, it’s written in the blood, so the system is going to operate that way. / he/she is already convinced so they can only follow this ideology…

In my company, I found managers and normal staffs see things in very different perspectives. Normal staffs usually see things from their own perspective, but managers think about various possibilities and they’re more open-minded. I started to learn how they think and see things, and finally knew/realized my weaknesses afterward.

Some of my previous experiences shaped my behavior and limit my perspective.

. Such as, I believe that people must work hard and they earn money or they get promoted. However, it’s not true.
There are some people who earn money from stocks, and many rednecks still stay in the same positions for many years even though they work so hard. It makes me wonder what the deterministic points involved between those who stay the same forever or get worse and those who get better lives./ improve their lives.

Step by step, I finally understand why leadership education doesn’t teach people how to do things, they only show people a new perspective and attitude. Because what thoughts are in your mind will decide what kind of person you are and how far you can go / your potential. I start to think consciously, and focus on the deep meaning behind my behaviors.
“Why do I feel angry about this? Why can’t I just take this in a humorous way?“. Every questions I asked myself helped me to understand my intentions. It also gave myself chances to progress and let go of some toxic thoughts. It didn’t take me a long time to get promoted after I started training myself this way.
So this is my observation of the social class, it’s all about the ideas in one’s mind which decides one’s achievement. / your mindset will decide if you achieve your potential …

Vocabulary

asset class(n) kinds of assets :
I invest in different asset classes : stocks , real estate and currencies and funds

correlation (n) how much different assets follow the movements of one / another
there is a high correlation between the price of bitcoin and the price of other cryptocurrencies.

due diligence (n) : research before investing 尽职审核
Tom told me about a new company ready to list but he also mentioned I should do my own due diligence and not trust him blindly

chart (n) the graphic representation
I check the price chart everyday

leverage (n) 资本负债比率
He invests with leverage

liquidity (n) how easy it is to sell and convert to cash
I want to increase the liquidity of my assets just in case.

insider’s trading (n) illegal use of information used for trading
He went to jail for insider’s trading

financial advisor (n) someone who gives money to you
My financial advisor recommended to invest in a moderate risk fund

hedge fund (n) fund does not target high growth but instead moderate growth with very low risk
He invested 50m in a hedge fund

confirmation bias (n) natural tendency to try to prove what you believe in
People tend to have confirmation bias and ignore any info that does not align with their ideas

Grammar

on someone’s mind
Tom is very poor so money is always on his mind

to stick to 
Tom got burned when he used leverage so now he has decided to stick to spot only

Pronunciation

staff

pressure